TIDMNKTN

RNS Number : 7711T

Nektan PLC

18 November 2019

18 November 2019

NEKTAN PLC

("Nektan", the "Company" or the "Group")

Result of Meeting

Total Voting Rights

and

Directors' Shareholdings

Result of Meeting

Further to its announcements of 25 October and 5 November 2019 ("Announcements"), Nektan plc (AIM: NKTN), the fast-growing international gaming technology platform and services provider, is pleased to announce that all Resolutions put to shareholders at its EGM held earlier today were duly passed.

Total Voting Rights

Application has been made to the London Stock Exchange for the admission of the 129,974,063 new Ordinary Shares to trading on AIM (other than the Deferred Settlement Shares as defined below) ("Admission"). It is expected that Admission will occur and that dealings will commence at 8.00am on 19 November 2019. The new Ordinary Shares, when issued, will rank pari passu with the Company's existing Ordinary Shares. On Admission, the Company will have 241,825,665 Ordinary Shares in issue and admitted to trading on AIM. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company has agreed that settlement be deferred in respect of GBP234,500, forming part of the Placing, until 31 January 2020. As such, 4,690,000 new Ordinary Shares ("Deferred Settlement Shares") are expected to be admitted to trading on AIM and it is expected that dealings will commence at 8.00am on 3 February 2020. The Deferred Settlement Shares, when issued, will rank pari passu with the then existing Ordinary Shares.

Directors' Shareholdings

The Directors' resulting shareholdings immediately following Admission are detailed below:

 
                                                                             New Ordinary 
                                                                                   Shares 
                                               New Ordinary   New Ordinary         issued 
                                                     Shares         Shares       pursuant 
                                      % of           issued         issued         to the   Shareholding        % of 
                                    issued         pursuant       pursuant         Series    immediately    enlarged 
                        Current      share           to the         to the          A CLN      following       share 
 Director          shareholding    capital    VTA liability        Placing     conversion      Admission     capital 
 Sandeep Reddy        6,779,485      6.06%        1,800,000              -     25,438,357     34,017,842      14.07% 
 Gary Shaw           17,996,292     16.09%                -              -              -     17,996,292       7.44% 
 Jim Wilkinson        2,920,602      2.61%                -              -              -      2,920,602       1.21% 
 

All capitalised terms in this announcement, unless otherwise defined, are as set out in the Announcements.

For further information on the Group, please contact:

 
 Nektan 
  Gary Shaw, Executive Director and Interim 
  CEO 
  Simon Hay, CFO                               +44 203 478 
  Kam Bansil, Head of Investor Relations        2648 
 
 Shore Capital (Nominated Adviser, Joint 
  Broker and Joint Bookrunner)                 +44 207 408 
  Tom Griffiths / David Coaten                  4050 
                                              ------------ 
 
 Novum Securities (Joint Broker)               +44 207 399 
  Jon Belliss / Colin Rowbury                   9425 
                                              ------------ 
 
 Whitman Howard (Joint Bookrunner)             +44 207 659 
  Nick Lovering                                 1234 
                                              ------------ 
 
 

Further information on Nektan can be found on the Group's website at www.nektan.com.

About Nektan:

Nektan is a fast growing, international gaming technology and services provider, specialising in mobile casino. It licenses its proprietary technology to leading operators, including BetVictor, and provides end-to-end technology and white label casino services for leading brands, including News International's The Sun Play.

Nektan's full end-to-end technology platform, Evolve, enables the management of the full customer experience and back-office operations, allowing partners to focus on marketing the product to their consumers.

The E-Lite platform is Nektan's B2B gaming content aggregator and bonusing platform that delivers a wide range of premium content from the world's leading game studios. It is an easily-integrated add on module for operators, giving them an array of options and flexibility on how they manage and distribute a breadth of premium gaming content across their networks.

Nektan has a material stake in US-based interactive gaming operator Rapid Games, which provides US land-based casinos with an in-venue mobile gaming solution. It allows operators to add mobile technology and content making products accessible to players across both cabinets and mobile devices inside casinos.

Headquartered in Gibraltar, Nektan is regulated by the Gibraltar Licensing Authority, the UK Gambling Commission and the Information Commissioners Office. As a socially responsible license holder, Nektan endeavours to deliver a safe, secure and robust player gaming experience.

Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 18, 2019 07:36 ET (12:36 GMT)

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